Sunday, 25 January 2015
Last updated 2 days ago
Sep 27 2010 | 3:12pm ET
A Brazilian Credit Suisse hedge fund manager is pushing to launch his own money management firm under the Swiss bank’s aegis.
Luis Stuhlberger is in talks with Credit Suisse to establish an independent fund management group within the firm, Valor Economico reports. Stuhlberger manages Credit Suisse’s Hedging-Griffo Fundo Verde, Brazil’s largest hedge fund with nearly US$6 billion in assets under management.
Stuhlberger reportedly wishes to be more vocal, without harming Credit Suisse’s image, according to the newspaper. His recent remarks on the country’s economic policies have caused concern at Credit Suisse, which has a large investment banking business in Brazil.
“There are talks about a new work arrangement with Credit Suisse, but nothing outside the bank,” Stuhlberger told Valor Economico. Stuhlberger’s non-compete agreement with the bank runs through 2015.
Credit Suisse currently owns half of Hedging-Griffo and is set to buy the rest at the end of next year.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…